About Fechim Investments Ltd

 

 

Fechim was first registered as a partnership in 1992. It was an idea conceived by four old boys of Kagumo High School in Nyeri, Kenya. On February 2, 1994 it was registered as Fechim Investments Limited under Kenya’s Companies Act. It was a small savings and investment club where members made equal monthly contributions.
Today Fechim is an investment company owned by 29 shareholders, aged between 37 and 71 and coming from diverse professional backgrounds and experiences.

 

In the years 1994 to 2002, Fechim grew slowly but steadily. As an investment club, it relied wholly on monthly contributions by members as the source of capital, all of it being invested principally in the local capital markets. The remarkable economic growth from 2003 and the consequent Bull Run in the stock market saw a change of Fechim’s fortunes for the better, significantly improving the company’s financial position. The year 2011, saw the company significantly reduce its exposure in the capital markets, balancing between property, listed and non-listed equities. Currently its asset portfolio is mainly in real estate and shares of selected non-listed companies.

In the period between 2005 and 2013, Fechim has on several occasions raised new share capital through rights issue and also from new shareholders. Consequently its shareholding has steadily grown to the current 29.

Fechim Investment Limited is a founder corporate member the Kenya Association of Investment Groups, an umbrella organization for investment groups from all over the country to look after their interests and promote their growth. In 2010, it promoted the formation of Amalgamated Chama Limited, a company that seeks to enable investment groups access investment areas that they cannot easily or economically venture into.